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Accounting Question

A partnership has liquidated all assets but still reports the following account balances for its partners:

 






Beck, loan$9,500

Cisneros, capital (40%)
3,000

Beck, capital (20%)
(13,000)(deficit)
Sadak, capital (10%)
(9,000)(deficit)
Emerson, capital (20%)
14,500

Page, capital (10%)
(7,000)(deficit)

 

The partners split profits and losses as follows: Cisneros, 40 percent; Beck, 20 percent; Sadak, 10 percent; Emerson, 20 percent; and Page 10 percent.

 

Assuming that Cisneros, Beck, and Page are personally insolvent, how much cash must Sadak now contribute to this partnership?


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